Determinants of Financial Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Determinants of Financial Development write by Y. Huang. This book was released on 2010-11-24. Determinants of Financial Development available in PDF, EPUB and Kindle. A PDF version of this book is available for free in open access via the OAPEN Library platform, www.oapen.org. This book examines the emergence of both financial markets and carbon markets, and provides an in-depth investigation on the fundamental determinants of financial development.
A Survey of the Determinants of Financial Development
A Survey of the Determinants of Financial Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Survey of the Determinants of Financial Development write by Hatra Voghouei. This book was released on 2011. A Survey of the Determinants of Financial Development available in PDF, EPUB and Kindle. The positive effects of financial development on economic growth have encouraged researchers to study the determinants of financial development. Based on the theoretical and empirical studies undertaken, institutions, openness of trade and financial markets, legal tradition, and political economy are identified as factors promoting the financial system. Of these, political economy factors, which can have both direct and indirect effects through other determinants, could be considered the most influential factors in financial development. Variations in the political economy of countries could well explain variations in their financial development. Although all studies show the significant effects of these determinants on financial development, further research is needed to assess the impact of each determinant and the policies that could best promote financial development.
Determinants of Financial Development
Determinants of Financial Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Determinants of Financial Development write by . This book was released on 2010. Determinants of Financial Development available in PDF, EPUB and Kindle. "As the world has witnessed the worst financial crisis and climate crisis of our age, during the period of 2007-2009, the issues surrounding the emergence and development of financial markets and carbon markets is becoming an increasingly significant area of research and debate worldwide. By engaging with recently developed methods of research and new areas of practice, this book investigates the political, economic, policy and geographic determinants of the development of financial markets. The volume examines the causality between financial development and aggregate private investment from an economic perspective. It also explores the consequences of political liberalization, focusing on the impact of institutional improvement on financial development. It studies what stimulates governments to initiate reforms aimed at boosting financial development, and analyses the determinants of carbon markets in developing countries from a geographic point of view. This book is essential reading for all interested in economic and financial development, climate change, environmental economics, and applied econometrics"--Publisher's description.
Economic and Social Development of the Southern and Eastern Mediterranean Countries
Economic and Social Development of the Southern and Eastern Mediterranean Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic and Social Development of the Southern and Eastern Mediterranean Countries write by Rym Ayadi. This book was released on 2014-10-31. Economic and Social Development of the Southern and Eastern Mediterranean Countries available in PDF, EPUB and Kindle. This book contains a unique collection of studies on key economic and social policy challenges faced by countries of the Southern and Eastern Mediterranean region in a short- and long-term perspective. Prepared within the EU funded FP7 project on „Prospective Analysis for the Mediterranean Region (MEDPRO)” conducted in 2010-2013 it takes account on recent political developments in the region (Arab Spring) and their potential consequences. It covers a broad spectrum of topics such as factors of economic growth, macroeconomic and fiscal stability, trade and investment, Euro-Mediterranean and intra-regional economic integration, private sector development and privatizations, infrastructure, tourism, agriculture, financial sector development, poverty and inequality, education, labor market and gender issues.
Financial Development, Impact on Output and Its Determinants
Financial Development, Impact on Output and Its Determinants - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Development, Impact on Output and Its Determinants write by Abdulsalam Abubakar. This book was released on 2015. Financial Development, Impact on Output and Its Determinants available in PDF, EPUB and Kindle. The role of financial development to influence the capital accumulation, productivity and hence economic growth, has continued to take a centre stage in the economic growth literature. The apparent low level of economic performance of the Economic Community of West African States (ECOWAS) region, low physical and human capital accumulations and low productivity have raised issues about the role of financial development to the economic growth process of the region and serve as the motivation of this study. The study investigates the impact of financial development on the output of eleven ECOWAS member states over the period from 1980 to 2011. The determinants of financial development in ECOWAS from 1996 to 2011 period are also examined. The study employs panel cointegration techniques, which involve panel cointegration tests by Pedroni (2000; 2004) and Kao (1999) and two panel cointegration estimators, namely; the fully modified OLS (FMOLS) and dynamic OLS (DOLS). Furthermore, the study adopts the Dumitrescu-Hurlin (2012) panel causality test to determine the causal relationship between financial development and output in ECOWAS. The findings show that broad money and financial sector deposits have negative and significant impact on the output, as found by Hakeem (2010) in sub-Saharan African region. On the other hand, banking sector deposits, domestic credit, bank credit and the ratio of bank credit to bank deposits are found to have positive and significant impact on output in ECOWAS. This is consistent with the findings of Ndebbio (2003) and Gaye (2013). These effects are largely transmitted through the physical capital accumulation channel, as found by Rioja and Valev (2003) in developing countries. The empirical evidence further shows that whereas unidirectional causality runs from GDP to broad money and bank deposits, the reverse is the case for bank credit and ratio of bank credit to bank deposits. Similarly, bidirectional causality is found to exist between financial sector deposit and domestic credit on one hand, and GDP on the other hand. These findings are consistent with that of Bangke and Eggoh (2010). For determinants of financial development, inflation, institutional quality and current account openness are found to be the major determinants of financial depth. While financial intermediation activities are determined by a combination of the previous factors and the level of income and human capital accumulation. These findings largely explain the connection between lack of access to finance by a larger segment of the household and private sectors in the ECOWAS and the low levels of output in the region. Hence, the major policy implications are that financial policies in the region should aim at eliminating and/or mitigating factors that hinder access to finance. These can be achieved through, economic, legal, political and other institutional reforms, which can also enhance financial development in the region and position it to better serve the real economy.
